by Dan Gibby | Apr 30, 2023 | Past Weekly Options Letters
It was a busy week of earnings reports and economic data although many large-cap stocks held up incredibly well, particularly those with AI-themed companies. The broader markets were up modestly on the week with the Nasdaq the best after its two-day robust rally on...
by Dan Gibby | Apr 23, 2023 | Past Weekly Options Letters
The broader markets were relatively unchanged last week and are close to unchanged in April. There’s been a lot of day-to-day chop-up and down – volatility intraday, but little change this month. If the narrow trading holds, it would be its smallest...
by Dan Gibby | Apr 16, 2023 | Past Weekly Options Letters
Although the broader markets were relatively unchanged last week, for the year they appear to ignore bad news and a recession, and pricing in peak inflation and a near-end to rate hikes. The S&P 500 has risen 7.8% for the year, the Dow Jones Industrial Average...
by Dan Gibby | Apr 9, 2023 | Past Weekly Options Letters
The equity markets were relatively flat for the week although bond yields declined as weakening economic data increased recession fears. The Bureau of Labor Statistics reported Friday that nonfarm payrolls increased by 236,000 last month, showing that the economy is...
by Dan Gibby | Apr 2, 2023 | Past Weekly Options Letters
After a rocky start, the bulls came out in full force Wednesday and drove most markets higher into the end of the quarter on Friday. In addition to the relief that banks stabilized, and interest rates fell, the typical end-of-the-quarter window-dressing where strong...
by Dan Gibby | Mar 26, 2023 | Past Weekly Options Letters
The erratic day-to-day trading continued last week. Most markets were down on the week following the Fed’s two-day meeting and anticipated .25% rate hike in the Fed Funds rate and more banking turmoil. During Powell’s interview on Wednesday, the markets collapsed,...
